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Southwest Minnesota Economic And Business Conditions Report, Second Quarter 2014, Richard A. Macdonald, King Banaian

Southwest Minnesota Economic and Business Conditions Report

Southwest Minnesota business conditions are expected to slow over the next several months according to the predictions of the St. Cloud State University (SCSU) Southwest Minnesota Index of Leading Economic Indicators (LEI). Despite improvements in the general outlook for rural economies, an increase in new regional business formation and rising Mankato area residential building permits, the LEI is little changed from its strong reading in this year’s first quarter. Holding back the regional economic outlook is a recent rise in initial jobless claims in the Southwest Minnesota planning area. The SCSU Southwest Minnesota Index of Leading Economic Indicators increased by …

Southwest Minnesota Economic And Business Conditions Report: First Quarter 2014, King Banaian, Richard A. Macdonald

Southwest Minnesota Economic and Business Conditions Report

Southwest Minnesota business conditions are expected to improve over the next several months according to the predictions of the St. Cloud State University (SCSU) Southwest Minnesota Index of Leading Economic Indicators. With a significant reduction in initial jobless claims and continued increases in new business incorporations and limited liability companies (LLC), the Southwest Minnesota economy appears headed for a strong growth trajectory through the summer months. The SCSU Southwest Minnesota Index of Leading Economic Indicators is now 1.8 percent higher than one year ago.

There were 660 new business filings with the Office of the Minnesota Secretary of State in …